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Economy / Tax Cut / Recovery / Manufacturing #729543

ABC Evening News for Wednesday, May 28, 2003
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(Studio: Peter Jennings) President Bush shown signing the tax cut bill; details given of encouraging signs about the economy.

(New York: Betsy Stark) A reality check on where the economy is headed presented; details given about the mixed signals from the stock market, consumer confidence, mortgage refinancing, corporate profits & unemployment. [Economist John SILVIA†- cautions about the stock market & consumer confidence as indicators about the economy.] [Market analyst Chuck HILL†- comments on cost-cutting.]

(Studio: Peter Jennings) Commerce Department report on the demand in manufactured goods cited.

(Chicago: Dean Reynolds) The rough forecast for the economy as indicated by business production examined; scenes shown from a Chicago plant. [Ace Industries Mike HOLEWINSKI†- says there has been a steady downward trend in manufacturing; comments on cutting the work force.] [LaSalle bank economist Carl TANNENBAUM†- says manufacturers are still reflecting caution.] The question of where & at what jobs will Americans work in the future noted.

Jennings, Peter;
Stark, Betsy;
Reynolds, Dean

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